Total Investment
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MaidPro

1. Franchise Snapshot

Why this franchise?
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Franchise Status
Active
Basic Information
Industry
Home & Building Services
Category
Residential Cleaning
Investment Range
$105,560 - $130,800
Total US Locations
238
Franchise Units
238
Founding Year
1996
Started Offering Franchises
1997
Management Capacity
Owner Operator
Job Count
26
Prior E2 Investors?
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Prior Visa Franchise Clients?
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Royalty Fee
6%
Marketing Fee
2%
Franchise Fee
$45,000
Headquarters (City, State)
Boston, MA
Square Footage
N/A - N/A
Retail Location?
No
Agreement Term Length
5 Years
Video

In these videos you will learn about the company firsthand. And they will also tell you in a short form about the financing of the enterprise.

2. Franchise Overview

Reports - Elements Webflow Library - BRIX Templates
Overview

MaidPro is as passionate about cleaning and saving customers money while we do it! That’s why they offer budget-friendly, fully customizable cleaning plans. Because of this, clients never pay for what they don’t need. t MaidPro, they customize their service to meet the client's needs and budget. They offer a full range of house cleaning services and use a 49-Point Checklist to guarantee the client's home is cleaned correctly every time. Kitchens, bathrooms, floors, and dusting are their specialties.

Users - Elements Webflow Library - BRIX Templates
Management team / founders

MaidPro, a home cleaning concept under the multi-brand home services franchisor Threshold Brands, was established in 1996 and began franchising in 1997. Over the course of the past 20-plus years, the concept has continued to grow in markets across the nation, bringing the Pros of MaidPro into the homes of busy families.

Password - Elements Webflow Library - BRIX Templates
Focus of owner for daily business operations

As a MaidPro operator, the main facets of the business entail: 1. Manage day-to-day bookings; 2. Interacting with clients and being the face of the company; 3. Hiring and managing staff; 4. Marketing and advertising locally; 5. Making sure safety standards and protocols are being met

3. Performance & Metrics

Franchisor Fees | Item 6
Franchise Value
Industry Median
All Franchises Median
Royalty Fee
6%
6%
6%
Marketing Fee
Franchise Fee
$45,000
Total Investment Cost | Item 7
Type of Expenditure
Low Amount
High Amount
When due
Initial Franchise Fee
$9,524
$5,154
At signing of the Franchise Agreement
Travel and Living Expenses for Training
$9,524
$5,154
As incurred during training
Equipment
$9,524
$5,154
As incurred
Equipment
$9,524
$5,154
As incurred
Cost for Initial Vehicle with Signage (Lease)
$9,524
$5,154
As incurred
Initial Printing Materials
$9,524
$5,154
As incurred
Advertising – Initial 3 Months
$9,524
$5,154
As incurred
Real Estate
$9,524
$5,154
Prior to opening
Insurance
$9,524
$9,524
As incurred
Additional Funds (3 Months)
$9,524
$5,154
As incurred
$9,524
$5,154
$9,524
$5,154
$9,524
$5,154
$9,524
$5,154
$9,524
$5,154
$9,524
$5,154
$9,524
$5,154
$9,524
$5,154
Outlets and Franchisee Information | Item 20
Outlet type
Year
Outlets at the start of the year
Outlets at the end of the year
Net change
2021
-6
252
246
Franchised
2022
246
246
-3
2023
246
238
-3
2021
0
0
-3
Company-Owned
2022
0
0
0
2023
0
0
0
2021
252
246
-6
2022
246
241
-5
2023
241
238
-3
Total Outlets
-
-
-
-
-
-
-
-
Net Unit Growth (Recent year)
Net Unit Growth (Recent year)
Franchise Health Metrics
Franchise Value
Growth Rate
1 year / 3 years
Failure Rate
1 year / 3 years
Franchise for Sale Rate
1 year / 3 years
0
0
0
0
0
0
0
0
Franchise Health Metrics
Franchise Historical Loan Metrics
10 Year Cumulative Charge Offs by $ of Loans
5,96%
10 Year Cumulative Defaults
10,81%
3 Year Predicted Default Rate
11,92%
*Please note the information provided here is sourced from Lumos. We do not guarantee its accuracy or completeness. For verification, please refer to Lumos directly.
Item 19 – Financial Performance Representations
Historical financial performance representations
Franchise Financials
Historical financial performance representations
Litigation & Bankruptcies
% of Franchisees Undergoing Litigation
0
% of Franchisees with Completed Litigation
0
Number of Bankruptcies Disclosed
0
*The litigation information displayed has been reviewed by our Product Development team. Franchises featured on this platform have been thoroughly assessed. However, Visa Franchise strongly recommends consulting with your own legal counsel for further guidance.

4. Our Take

*The litigation information displayed has been reviewed by our Product Development team. Franchises featured on this platform have been thoroughly assessed. However, Visa Franchise strongly recommends consulting with your own legal counsel for further guidance.